Legal sports betting New JRZY

Legal Sports Betting in New Jersey (January 2025)

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As of January 2025, sports betting is fully legal and regulated in New Jersey, making it one of the leading states for sports wagering in the United States. This comprehensive overview covers the current legal framework, available sportsbooks, and key regulations governing sports betting in the Garden State.

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Legal Framework

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1. Background
   • New Jersey became a pioneer in legal sports betting following the Supreme Court's decision to repeal the Professional and Amateur Sports Protection Act (PASPA) in May 2018. This ruling allowed states to legalize sports betting at their discretion.
   • On June 11, 2018, Governor Phil Murphy signed legislation that officially legalized sports wagering in New Jersey.
2. Types of Sports Betting
   • In-Person Betting: Legal at casinos and racetracks throughout New Jersey, including popular venues like The Borgata, Golden Nugget, and Monmouth Park.
   • Online and Mobile Betting: Players can place bets via licensed mobile apps and websites while physically located within state borders.
3. Regulatory Authority
   • The New Jersey Division of Gaming Enforcement (DGE) oversees all aspects of sports betting, ensuring compliance with state laws and regulations.

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Key Regulations

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1. Minimum Age Requirement
   • Bettors must be at least 21 years old to place wagers on sports in New Jersey.
2. Prohibited Bets
   • Wagering on any college sporting events involving teams based in New Jersey or games held within the state is not allowed. This includes local teams such as Rutgers and Seton Hall.
3. Taxation
   • The tax rate for sports betting is set at:
     • 8.5% for land-based sportsbooks.
     • 13% for online casino-based sportsbooks.
     • 14.25% for racetrack-based online wagering.

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Read: New JRZY online gambling guide

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Available Sportsbooks

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New Jersey boasts a diverse range of sportsbooks catering to various betting preferences:

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1. DraftKings
2. FanDuel
3. BetMGM
4. Caesars Sportsbook
5. bet365
6. BetRivers
7. Hard Rock Bet
8. Fanatics Sportsbook

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As of January 2025, there are currently 14 legal online sportsbooks operating in New Jersey, providing bettors with numerous options for placing wagers on various sports and events.

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Recent Developments

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• New Jersey continues to expand its sports betting market with ongoing discussions about potential legislation that could further enhance the industry, such as lowering the minimum gambling age from 21 to 18 or expanding the types of bets allowed.

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New Jersey's sports betting landscape is robust and well-regulated as of January 2025, offering a myriad of options for both casual and serious bettors. With a strong legal framework established since the repeal of PASPA, players can confidently engage in sports wagering across various platforms while adhering to state regulations. Whether betting on professional leagues or major events, New Jersey remains a top destination for sports enthusiasts looking to place their wagers legally and responsibly.

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